BELLEFONTE — State Rep. Kerry Benninghoff, R-Bellefonte, presented Restek with a resolution Oct. 3 declaring October “Employee Ownership Month” in Pennsylvania.
“It’s really an honor as someone who represents you in Harrisburg to assist you with the work you do,’ said Benninghoff. ‘Rock on. The fact that you’re world-known is great bragging rights for your state representative, and I’m happy to do that.”
Restek is owned by its employees through an Employee Stock Ownership Plan. According to the company, since becoming 100 percent employee-owned at the end of 2008, it has more than doubled in size and its stock value has grown tenfold.
“We value seeing employee ownership extend to more and more companies throughout the state and creating more businesses like Restek, where employees own the company, love working for it, take care of it and take care of each other,” said Bryan Wolcott, Restek president.
Currently, there are more than 285 employee-owned companies in Pennsylvania, employing more than 306,000 people.
More Business
View all Business
Charlotte Flights Begin at State College Regional Airport
The inaugural American Airlines flight from Charlotte, North Carolina to State College Regional Airport touched down Monday afternoon, receiving a ceremonial water cannon welcome as it arrived in Centre County.
Finalists Revealed for 2026 Centre County Business Awards
The Chamber of Business & Industry of Centre County on Monday announced the finalists in six categories to be honored at the 2026 Centre County Business Awards. Winners will be […]
Great PA News Quiz: House Passes Big Election Bill, and a Historic Higher Ed Donation
In this quiz: A former campaign treasurer pleads guilty to wire fraud, a data center developer offers $10,000 to residents and a Philly-set movie turns 50.
